Farmers Savings Bank & Trust

Headquarters

611 Second Street
Traer, IA 50675
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.60% 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Farmers Savings Bank & Trust is an FDIC insured institution located in Traer, IA. It was founded in 1915 and has approximately $0.22 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 10122
Date Established 1915
Assets $ 218.82 million
Loans $ 92.20 million
Deposits $ 191.87 million
Capital $ 18.46 million
 

For a more detailed analysis of Farmers Savings Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.60% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers Savings Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.856% 2.750%
0.38 points
$3,438 fees
$1,021 Learn More
Neighbors Bank
NMLS ID: 491986
3.068% 2.990%
1.00 points
$2,500 fees
$1,053 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers Savings Bank & Trust
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers Savings Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Farmers Savings Bank & Trust Locations


Financial Details

Farmers Savings Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers Savings Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Farmers Savings Bank & Trust U.S. Bank Average
0% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Farmers Savings Bank & Trust had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,458,000 in equity and $368,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Farmers Savings Bank & Trust U.S. Bank Average
16.98% 11.43%

Farmers Savings Bank & Trust has a Return on Equity of 16.98% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Farmers Savings Bank & Trust U.S. Bank Average
8.44% 11.51%

Farmers Savings Bank & Trust has a Capitalization of 8.44% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Farmers Savings Bank & Trust Balance Sheet Analysis

As of March 31, 2021, Farmers Savings Bank & Trust had assets of $218,824,000, loans of $92,201,000, and deposits of $191,872,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 36.85 million
Interest-bearing balances $ 29.35 million
Total securities $ 81.21 million
Federal funds sold and reverse repurchase $ 0.04 million
Net loans and leases $ 92.20 million
Loan loss allowance $ 0.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.96 million
     Total Assets $ 200.37 million
LIABILITIES
Total deposits $ 191.87 million
      Interest-bearing deposits $ 146.75 million
      Deposits held in domestic offices $ 191.87 million
      % insured (estimated) 79.57%
Federal funds purchased and repurchase agreements $ 7.40 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.10 million
      Total Liabilities $ 200.37 million
      Shareholders’ Equity $ 18.46 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.81 million
Total Interest Expense $ 0.21 million
Net interest income $ 1.60 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.23 million
Total non interest expense $ 1.00 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in Farmers Savings Bank & Trust’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Iowa, Farmers Savings Bank & Trust has a significantly higher percent of Credit Card Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.21
Multifamily
Mortgages
0.00
Credit Card Loans 0.40
Consumer Auto Loans 1.38
Small Business Loans 12.08
Construction and Development Loans 1.61
Commercial Real Estate 14.13
Commercial and Industrial Loans 9.33
Farm Loans 26.81

Frequently Asked Questions About Farmers Savings Bank & Trust

Branches and Savings

Is Farmers Savings Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #10122.

Why does Farmers Savings Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Farmers Savings Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Farmers Savings Bank & Trust a commercial bank?

Yes

Where are Farmers Savings Bank & Trust locations?

See branch locations nearby.

Is Farmers Savings Bank & Trust open on Saturdays?

Is Farmers Savings Bank & Trust open on Sundays?

What time does Farmers Savings Bank & Trust open?

What time does Farmers Savings Bank & Trust close?

Are Farmers Savings Bank & Trust ATMs Open 24/7?

Do Farmers Savings Bank & Trust ATMs accept cash deposits?

Can Farmers Savings Bank & Trust customers use other ATMs?

Do Farmers Savings Bank & Trust branches have notaries?

Will Farmers Savings Bank & Trust notarize my document?

What address for Farmers Savings Bank & Trust should I put for incoming ACH transfers?

Will the Farmers Savings Bank & Trust branch print checks?

Do Farmers Savings Bank & Trust checks expire?

Does Farmers Savings Bank & Trust require US citizenship to open account?

Can Farmers Savings Bank & Trust close my account?

Does Farmers Savings Bank & Trust Report to credit bureaus?

Does Farmers Savings Bank & Trust Use Equifax?

What is Farmers Savings Bank & Trust's ACH Routing Number?

What is Farmers Savings Bank & Trust's SWIFT code?

Products

Does Farmers Savings Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Farmers Savings Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers Savings Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Farmers Savings Bank & Trust offer student loans?

Will Farmers Savings Bank & Trust cash a check?

Will Farmers Savings Bank & Trust redeem a savings bond?

Does Farmers Savings Bank & Trust cash savings bonds?

Will Farmers Savings Bank & Trust cash money orders?

Can Farmers Savings Bank & Trust issue a money order?

Does Farmers Savings Bank & Trust do currency exchange?

Background on The Bank

Who owns Farmers Savings Bank & Trust?

How long has Farmers Savings Bank & Trust been around?

Can Farmers Savings Bank & Trust transfer to other banks?

Does Farmers Savings Bank & Trust have quick pay?

Does Farmers Savings Bank & Trust accept rolled coins?

Will Farmers Savings Bank & Trust accept loose change?

Where is Farmers Savings Bank & Trust headquarters?

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